HB1295 modifies eligibility criteria for tax exemptions on charitable, nonprofit housing projects for the elderly and disabled in New Hampshire.
HB1295 amends RSA 72:23-k, I to specify that real estate and personal property of charitable, nonprofit community housing and health care facilities for the elderly and disabled are exempt from taxation if the income or profits are used solely for community housing or health care. To qualify, facilities must have an open enrollment policy, accept partial payments, and donate a substantial portion of their services. The bill also requires facilities to inform municipalities annually about their monetary donations or voluntary service contributions to the community.
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